V2X (NYSE:VVX) Stock Breaks Below 200-Day Moving Average – Time to Sell?

V2X, Inc. (NYSE:VVX)’s share price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $74.06 and traded as low as $73.69. V2X shares last traded at $74.0160, with a volume of 381,669 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VVX shares. Citizens Jmp upped their target price on V2X from $90.00 to $102.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 28th. Citigroup reiterated a “market outperform” rating on shares of V2X in a research report on Tuesday, July 28th. Stifel Nicolaus set a $102.00 price objective on V2X in a report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of V2X in a report on Tuesday, September 8th. Finally, Robert W. Baird cut shares of V2X from an “outperform” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.90.

V2X Price Performance

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.38 billion, a P/E ratio of 24.17, a P/E/G ratio of 0.65 and a beta of 0.19. The business’s fifty day moving average price is $73.99 and its 200-day moving average price is $74.11.

V2X (NYSE:VVX) last announced its earnings results on Monday, November 2nd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.15. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.22 billion. V2X had a net margin of 1.98% and a return on equity of 18.14%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. As a group, sell-side analysts predict that V2X, Inc. will post 6.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On V2X

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of V2X during the 2nd quarter valued at about $28,000. Ameritas Advisory Services LLC bought a new stake in V2X in the 2nd quarter worth approximately $38,000. Fifth Third Bancorp purchased a new stake in V2X in the first quarter worth approximately $46,000. GAMMA Investing LLC boosted its stake in V2X by 118.3% in the third quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $54,000 after buying an additional 413 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in V2X by 44.6% in the second quarter. Allworth Financial LP now owns 765 shares of the company’s stock worth $57,000 after buying an additional 236 shares in the last quarter. Institutional investors own 95.18% of the company’s stock.

About V2X

V2X, Inc provides mission solutions and support services to the U.S. government, defense agencies, and allied governments. The company supports military and government operations through services that include logistics, operations and maintenance, training, engineering, modernization, cybersecurity, and other technology-enabled solutions.

Its work spans the defense and national security lifecycle, including the sustainment of aircraft, vehicles, equipment, and infrastructure; supply-chain and base operations; intelligence and analytical support; and digital, communications, and systems-integration services.